Portolan Capital Management LLC Cuts Position in Sportradar Group AG $SRAD

Portolan Capital Management LLC trimmed its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 61.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,810 shares of the company’s stock after selling 209,989 shares during the period. Portolan Capital Management LLC’s holdings in Sportradar Group were worth $3,546,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC grew its stake in shares of Sportradar Group by 10,125.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock valued at $46,000 after buying an additional 1,620 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in Sportradar Group by 113.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,374 shares of the company’s stock worth $91,000 after acquiring an additional 1,795 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in Sportradar Group by 29.4% during the 2nd quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock valued at $99,000 after acquiring an additional 801 shares during the period. Pacer Advisors Inc. boosted its holdings in Sportradar Group by 103.5% during the 3rd quarter. Pacer Advisors Inc. now owns 4,989 shares of the company’s stock valued at $134,000 after acquiring an additional 2,537 shares during the period. Finally, Bessemer Group Inc. grew its position in Sportradar Group by 788.4% in the 3rd quarter. Bessemer Group Inc. now owns 5,375 shares of the company’s stock valued at $144,000 after acquiring an additional 4,770 shares in the last quarter.

Sportradar Group Price Performance

SRAD stock opened at $18.66 on Friday. The business’s 50-day moving average is $18.53 and its two-hundred day moving average is $23.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.36. The firm has a market capitalization of $5.59 billion, a P/E ratio of 56.55 and a beta of 2.00. Sportradar Group AG has a 1 year low of $15.73 and a 1 year high of $32.22.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Sportradar Group had a return on equity of 10.32% and a net margin of 7.73%.The company had revenue of $432.81 million for the quarter, compared to analyst estimates of $369.59 million. Sportradar Group’s revenue was up 20.2% compared to the same quarter last year. Analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

SRAD has been the topic of a number of recent research reports. Guggenheim reiterated a “buy” rating on shares of Sportradar Group in a research note on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday, December 29th. Stifel Nicolaus started coverage on shares of Sportradar Group in a report on Thursday, January 22nd. They issued a “buy” rating and a $28.00 price objective for the company. Wells Fargo & Company cut their target price on shares of Sportradar Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. Finally, UBS Group reduced their target price on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.16.

Sportradar Group Company Profile

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.